Lennox International

Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories. The Commercial Heating & Cooling segment sells unitary heating and cooling equipment used in light commercial applications. The Refrigeration segment includes retail equipment for the commercial refrigeration market including condensing unit, unit coolers, fluid, coolers, air cooled condensers, supermarket display cases, and systems. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

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Lennox International reports robust Q4 performance and strategic growth outlook

Lennox International (LII) delivered a strong performance in Q4 2022, with record revenues and profit in key segments.
Despite challenges in maintaining growth momentum and increased capital spending, the company remains focused on strategic initiatives.
Opportunities lie in new product launches, commercial profit recovery, and strategic divestitures for future growth.
Overall, Lennox is well-positioned to navigate challenges and capitalize on opportunities in 2023.

Lennox International reports record earnings, focuses on margin recovery

Lennox International maintains full-year financial guidance with a focus on margin recovery.
Company aims to improve inventory turns and optimize margins through pricing actions.
Preparation for 2025 transition with investments in service levels and product mix.

Lennox International achieves record Q2 results, eyes growth opportunities

Lennox International's Q2 2023 performance reflects a mixed segment outlook, with strong commercial results and residential challenges. Strategic initiatives and investments in the refrigerant transition position the company for future growth.

Lennox International (LII) reports record Q3 performance and eyes growth

Lennox International (LII) delivered strong financial performance in Q3 2023, driven by record revenue and profit across residential and commercial segments.
The company's strategic moves, including the acquisition of AES and pricing initiatives, position it well for future growth and margin improvement.
While facing challenges such as seasonal impacts and absorption headwinds, Lennox remains optimistic about its outlook, focusing on operational excellence and market effectiveness.

Lennox International posts robust Q4 earnings, eyes growth opportunities

Lennox International (LII) delivered strong financial results in Q4 2023, with significant growth in adjusted EPS and core revenue, setting a positive tone for 2024.
The company's focus on operational excellence, strategic investments, and long-term financial goals positions it well for sustained growth and market leadership.
While facing challenges in the market environment, Lennox International remains confident in its ability to navigate uncertainties and drive profitability through effective cost management and growth strategies.
Opportunities for expansion through industry consolidation, international markets, and product innovations present avenues for future growth and enhanced shareholder value.

Lennox International reports record Q1 profits and strategic growth

Lennox International (LII) had a strong Q1 2024 with record profit margins and growth in adjusted earnings per share.
The company is well-prepared for industry transitions and is focused on improving distribution and expanding its market presence.
While facing working capital challenges and pricing pressures, Lennox sees opportunities in product efficiency and commercial segment growth.
Overall, Lennox's performance in Q1 sets a positive tone for the year ahead with revised fiscal guidance and strategic initiatives in place.

Lennox International (LII) reports robust Q2 earnings and strategic growth outlook

Lennox International (LII) delivered strong financial performance in Q2 2024, with a focus on revenue growth, margin expansion, and strategic partnerships. The company remains optimistic about growth opportunities and is actively addressing challenges such as market transitions and investments. Analyst inquiries during the earnings call highlighted a keen interest in the company's performance metrics and future outlook.

Lennox International achieves record Q3 results, eyes market opportunities

Lennox International's Q3 2024 performance reflects a strong financial position, driven by revenue growth, operational efficiency, and strategic investments.
While challenges exist in sales mix alignment and market transitions, the company's proactive stance on market trends and opportunities bodes well for future growth.
By focusing on optimizing operations, embracing market shifts, and capitalizing on identified opportunities, Lennox is poised for continued success and value creation.

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Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following segments: Home Comfort Solutions, Building Climate Solutions, and Corporate and Other. The Home Comfort Solutions segment is involved in furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts, and supplies. The Building Climate Solutions segment consists of unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressor racks. The Corporate and Other segment refers to the unitary heating and air conditioning equipment, chillers, air handlers, fan coils, fluid coolers, and compressor racks. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

Lennox International (LII) came out with quarterly earnings of $6.83 per share, beating the Zacks Consensus Estimate of $6.55 per share. This compares to earnings of $6.15 per share a year ago.

Lennox International (LII) Q2 Earnings Beat Estimates

Q2 Highlights (All comparisons are year-over-year, unless otherwise noted)(Prior-year adjusted results and core revenue exclude European operations that were divested in the 4Q 2023) Revenue $1.45 billion – Core revenue up 8%, including 2% growth from acquisitions GAAP Operating Income $320 million – Adjusted segment profit up 13% to $319 million GAAP diluted EPS $6.87 – Adjusted diluted EPS up 11% to $6.83 Raising 2024 EPS guidance range to $19.50-$20.25 from prior range of $19.00-$20.00 DALLAS , July 24, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported second quarter financial results with $1.45 billion of revenue, a record $320 million of operating income and $6.87 GAAP diluted earnings per share. Core revenue grew 8% to $1.45 billion.

Lennox Reports Second Quarter Results and Raises Full Year Profit Guidance

Lennox (LII) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Lennox (LII) is Poised to Beat Earnings Estimates Again

Does Lennox International (LII) have what it takes to be a top stock pick for momentum investors? Let's find out.

Lennox International (LII) Is Up 1.79% in One Week: What You Should Know

Lennox was named to the 2024 U.S. News & World Report Best Companies to Work For list with a distinction for Best in Manufacturing. Lennox India Technology Centre earned its third consecutive Great Place to Work certification.

Lennox Recognized for its Inclusive, Reputable Work Culture and Manufacturing Excellence by U.S. News & World Report and Great Place to Work

DALLAS , July 5, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, will report second-quarter 2024 financial results before the market opens on Wednesday, July 24, 2024. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m.

Lennox Schedules Second Quarter results

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Lennox (LII) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Lennox (LII) Upgraded to Buy: Here's Why

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Forbes Home recognized Lennox as the Best Overall and Most Efficient Air Conditioner brand and ranked it among the top HVAC companies. DALLAS , June 17, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative indoor climate solutions, has been named Forbes Home's Best Overall and Most Efficient Air Conditioner Brand of 2024.

Lennox Named Best Overall and Most Efficient Air Conditioner Brand by Forbes Home

New Joint Venture for World-Class Ductless Mini Split, AC, Heat Pump and VRF Solutions   DALLAS , May 28, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative climate solutions in the HVACR industry, and Samsung, a trusted global brand with 40 years of innovative HVAC technology, are pleased to announce they have signed an agreement forming a joint venture to sell ductless AC and heat pump(mini-split, multi-split, VRF) products in the United States and Canada. The newly established joint venture will be called Samsung Lennox HVAC North America.

Samsung and Lennox Announce the Establishment of a Joint Venture for Ductless Mini Split, AC, Heat Pump, and Variable Refrigerant Flow HVAC Systems in the United States and Canada

DALLAS , May 23, 2024 /PRNewswire/ -- Lennox (NYSE: LII) today announced the appointment of Jon Vander Ark as a member of its board of directors, effective June 1, 2024. Mr. Vander Ark is the President and Chief Executive Officer and a Director of Republic Services, Inc. ("Republic"), a publicly traded company that is one of the largest providers of environmental services in the United States, as measured by revenue.

Lennox appoints Jon Vander Ark to board of directors

DALLAS , May 20, 2024 /PRNewswire/ -- The board of directors of Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, approved a 4.5% increase in the quarterly dividend from $1.10 to $1.15 per share of common stock, payable July 15, 2024, to stockholders of record as of June 28, 2024.   "Our latest dividend increase is a result of consistently executing our strategy, driving margin improvements and generating solid cash flow.

Lennox to increase quarterly dividend

Lennox announces the rollout of low GWP HVAC products, emphasizing sustainability, flexibility, and superior performance. RICHARDSON, Texas , May 9, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leading provider of innovative climate solutions, announced the rollout of low global warming potential (GWP) light commercial and ducted residential HVAC products to meet the 2025 low GWP Refrigerant regulations.

Lennox Announces Low GWP Refrigerant Rollout for Commercial and Residential HVAC Products

Residents of the U.S. and Canada can nominate individuals for heating or cooling equipment and installation, free of charge, through the Feel The Love Program, sponsored by the LII Lennox Foundation. RICHARDSON, Texas , May 1, 2024 /PRNewswire/ -- Celebrating 15 years of giving back to deserving homeowners, the annual Lennox Feel The Love program continues its partnership with residential dealers across the U.S. and Canada to donate and install heating and cooling (HVAC) units for community heroes.

Lennox Calls for Community Members to Nominate Local Heroes for Feel The Love Program

Lennox International Inc. (NYSE:LII ) Q1 2024 Earnings Conference Call April 24, 2024 9:30 AM ET Company Participants Chelsey Pulcheon - IR Alok Maskara - CEO Michael Quenzer - CFO Conference Call Participants Tommy Moll - Stephens Jeff Hammond - KeyBanc Ryan Merkel - William Blair Joe Ritchie - Goldman Sachs Damian Karas - UBS Noah Kaye - Oppenheimer Brett Linzey - Mizuho Julian Mitchell - Barclays Joe O'Dea - Wells Fargo Deane Dray - RBC Capital Markets Nicole DeBlase - Deutsche Bank Steve Tusa - JPMorgan Gautam Khanna - TD Cowen Operator Welcome to the Lennox First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

Lennox International Inc. (LII) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Lennox (LII) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Lennox (LII) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Q1 Highlights (All comparisons are year-over-year, unless otherwise noted)(Prior-year adjusted results and core revenue exclude European operations that were divested in the 4Q 2023) Revenue was $1.05 billion; core revenue up 6%, including 2% growth from acquisitions GAAP Operating Income $167 million; adjusted segment profit up 17% to $167 million GAAP diluted EPS up 26% to $3.47; adjusted diluted EPS up 23% to $3.47 Raising 2024 EPS guidance range to $19.00-$20.00 from prior range of $18.50-$20.00 DALLAS , April 24, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate-control solutions, today reported first quarter financial results with $1.05 billion of revenue, a record $167 million of operating profit and $3.47 GAAP diluted earnings per share. Core revenue grew 6% to $1.05 billion.

Lennox Reports First Quarter Results and Raises Full Year Profit Guidance

Why Lennox (LII) Could Beat Earnings Estimates Again

Lennox (LII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lennox International (LII) Reports Next Week: Wall Street Expects Earnings Growth

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RICHARDSON, Texas, April 5, 2024 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, will report first quarter 2024 financial results before the market opens on Wednesday, Apr 24, 2024. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m.

Lennox Schedules First Quarter results

DALLAS , March 18, 2024 /PRNewswire/ -- Lennox (NYSE: LII) today announced the appointment of Sivasankaran "Soma" Somasundaram as a member of its board of directors, effective March 15, 2024. Mr. Somasundaram is the President and Chief Executive Officer and a Director of ChampionX Corporation, a publicly traded global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies for use in the oil and gas industry.

Lennox Appoints Sivasankaran Somasundaram to Board of Directors

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